Property of the Week: 6 Bulkara St, Wagstaffe, NSW
A Central Coast trophy home with a habit of breaking records, Agave, returns to market.
2 min
Agave has a history of making headlines.
The luxury Wagstaffe weekender earned the prestigious HIA Australian House of the Year award in 2018 and then went on to reset the Central Coast price record two times over.
The Dennis Rabinowitz-designed waterfront residence was sold by the owner architect in mid 2020 for $9.5 million – at the height of the pandemic rush to the regions.
It then changed hands again only two years later for $16.2 million when it was snapped up by fallen Forum Finance founder Bill Papas.
Since then, Agave has operated as a high-end short-term rental appearing on Nine’s top 10 most expensive Airbnbs in Australia list; reportedly earning its owner more than $10,000 a night.
After briefly sitting on the market in 2024, the head-turning seven-bedroom two-storey property is now listed with a new agent and a fresh competitive price tag.
Mat Steinwede of McGrath Terrigal has put a $12 to $14 million guide on the glamorous beach house at a time when the Central Coast is tipped to recapture some of its post-Covid malaise.
Overall, Central Coast house values are approaching their 2022 pandemic-era high, according to Cotality data, with the median up 45.1 per cent over five years to reach a median price of $1.063 million as of November.
Sitting on a spacious 2188sq m block in the exclusive San Toy estate, Agave at 6 Bulkara St is in the sleepy hamlet of Wagstaffe 19kms south of Terrigal.
It has direct waterfront access to Brisbane Water and its north-facing aspect captures the best of the Central Coast’s coveted climate.
Created with a focus on free-flowing lanai-inspired indoor/outdoor living, the home features multiple terraces, a saltwater pool with imported Moroccan tiles, a private beach, a jetty, a boathouse cabana and a deep-water mooring suitable for a “super yacht”.
In total, the expansive layout includes 556sq m of internal living and 289sq m of alfresco space.
The sophisticated interiors include bespoke finishes crafted from natural materials, a contemporary kitchen with marble bench tops, as well as a fully-equipped butler’s pantry, wine cellar, and five ensuite bathrooms.
There is also an executive study and a palatial main bedroom suite located in its own ground floor wing complete with a walk-in wardrobe, and a five star hotel-inspired ensuite with bidet.
A second level houses six more bedrooms including a bunk room, ideal for multiple family getaways. All up, Agave can sleep as many as 14 guests at a time.
Manicured grounds are framed by established tropical gardens, and with secure entry gates plus an advanced security system, the residence is an idyllic private compound.
Additional features include total climate control, three separate living rooms, a double lock up garage and
The property is a short walk to Wagstaffe Wharf with direct ferry access to Palm Beach on Sydney’s Northern Beaches. Agave is also close to Lobster Beach and Bouddi National Park.
Agave at 6 Bulkara St, Wagstaffe is listed with Mat Steinwede of McGrath Terrigal with a $12 to $14 million price guide.
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Prestige property veteran John Bongiorno is selling his sprawling Mornington Peninsula retreat, Musk Ridge Farm, complete with a pool, guest quarters and sweeping coastal views.
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When introducing the 2026 Marshall White Prestige Property Index, the company’s group sales director, John Bongiorno, said he had high hopes for the luxury real estate market.
This positive outlook may have influenced his decision to sell his own home, Musk Ridge Farm. The 8ha Mornington Peninsula property has come to market with a price guide of $9 million to $9.5 million.
“Looking ahead, international influences are likely to remain an important factor shaping Melbourne’s prestige market throughout 2026,” he wrote.
“Australia’s reputation as a stable and desirable place to live will continue to attract strong interest from expatriate buyers returning home, and we are already seeing an increase in enquiries from this group, particularly for properties in Melbourne’s most established school zones and blue-chip suburbs.”
No doubt the company director expects demand to extend into regional Victoria. His
Flinders estate, which has pastoral and bushland views to the waters of Westernport and Phillip Island, last traded in 2017 for $4 million.
Its 2026 price guide is in line with other recent Flinders transactions. In late 2025, 2275 Mornington Flinders Rd sold for about $8.75 million, and 88 King St sold for $12.25 million.
Bongiorno’s landmark peninsula property was designed by architect Stephen Akehurst to create a coast-meets-country lifestyle estate for avid entertainers or weekend guest retreats.
The private seven-bedroom, eight-bathroom residence features manicured English-style gardens, a self-cleaning mosaic-tiled pool and spa, converted stable guest quarters, a separate games room with bar, a barbecue pavilion, and a self-contained manager’s cottage.
With more than four decades of prestige-market experience, Bongiorno says the same guidance he gives clients has shaped his own property decisions: desirable locations and long-term lifestyle appeal will sustain high demand.
“Regardless of market conditions, quality real estate fundamentals remain the most important consideration. For me, that has always been about location, quality of construction and a home’s ability to stand the test of time,” Bongiorno says.
“Homes that consistently perform over the long term are those positioned in tightly-held locations with genuine lifestyle appeal and quality design that will remain relevant for years to come.”
His Hamptons-style homestead features spacious interiors and designer elements, including a large entry foyer, American Oak floors, high ceilings, and multiple French doors opening onto patios and terraces. Modern amenities include hydronic heating, integrated cooling, smart home technology, and CCTV security.
The palatial main living zone is bookended by twin open fireplaces and crowned by a central iron-ring chandelier. A glass conservatory dining area captures the natural backdrop, and a quartz stone kitchen features a big island bench, Bertazzoni appliances, a butler’s pantry, a SubZero fridge/freezer, and two Vintec wine fridges.
Off the kitchen, there is also a mudroom, a powder room, a bathroom, and a commercial-grade laundry.
The ground-floor main bedroom suite includes two walk-through wardrobes, a shower ensuite, a fireplace, and access to the wraparound veranda. Upstairs, there are two additional bedrooms with en-suites and built-in wardrobes, along with a study area.
Outside, beyond the pool terrace and barbecue pavilion, the grounds feature fenced paddocks, a spring-fed dam, an automatic front gate, a machinery shed, a double garage, plus multiple driveway parking bays.
Bordered by the Main Ridge Nature Conservation Reserve and Manton Creek, Musk Ridge Farm is close to Red Hill and Flinders townships, and is surrounded by world-class wineries, golf courses, and the peninsula’s popular beaches.
Musk Ridge Farm at 61 Barkers Rd, Flinders is listed with Marshall White agents Stephen Baster and Rebecca O’Donnell with a price guide of $9 million to $9.5 million.
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